TORONTO, JUNE 6, 2011— RBC Global Asset Management
Inc. (RBC GAM) announced today that it has begun a search
to identify a replacement sub-advisor for the RBC Private
EAFE Equity Pool (the "Pool"). Mondrian Investment
Partners Limited will continue its role as sub-advisor for
the Pool until another sub-advisor is identified. RBC GAM
will continue to provide investment management oversight for
the Pool to ensure a smooth transition.

About RBC Global Asset Management and RBC Wealth ManagementRBC Global
Asset Management (RBC GAM) is the asset management division
of Royal Bank of Canada (RBC) which includes institutional
money managers Phillips, Hager & North Investment Management
(PH&N), RBC Global Asset Management (U.S.) and BlueBay
Asset Management. RBC GAM is a provider of global investment
management services and solutions to individual, high net
worth and institutional investors through mutual funds, pooled
funds, hedge funds, segregated accounts and specialty investment
strategies. RBC GAM group of companies manage approximately
$250 billion in assets and have almost 1,000 employees located
across Canada, the United States, Europe and Asia.